SIPs, or Systematic Investment Plans, are similar to recurring deposits in that they require you to invest a modest amount of money on a monthly basis for a certain period of time. SIP is the most cost-effective investment technique, with a minimum investment of INR 500. A SIP can also be used to plan financial goals such as retirement, marriage, home/car purchase, higher education, and so on.
Canara Robeco Mutual Fund is the country's second-oldest asset management firm. In 1993, it was founded as CanBank Mutual Fund. Canara Bank formed a joint venture with the Robeco company in 2007, and the mutual fund was renamed Canara Robeco Mutual Fund. It now manages the funds of more than 9 lakh investors.
Top 5 Best Ranked Mutual Fund SIPs From Canara Robeco Fund House
| Fund name | 1-Year Returns | 3-Year Returns | Ratings |
|---|---|---|---|
| Canara Robeco Equity Tax Saver Fund | 58.31% | 20.63% | Morningstar: 5 Star ValueResearch: 5 Star CRISIL: 5 Star |
| Canara Robeco Emerging Equities Fund | 60.20% | 17.31% | Morningstar: 5 Star ValueResearch: 5 Star CRISIL: 4 Star |
| Canara Robeco Bluechip Equity Fund | 47.00% | 18.56% | Morningstar: 5 Star ValueResearch: 5 Star CRISIL: 5 Star |
| Canara Robeco Equity Hybrid Fund | 37.00% | 16.28% | Morningstar: 5 Star ValueResearch: 5 Star CRISIL: 4 Star |
| Canara Robeco Conservative Hybrid Fund | 15.78% | 11.93% | Morningstar:5 Star ValueResearch:5 Star CRISIL: 5 Star |
Canara Robeco Equity Tax Saver Fund
The assets under management (AUM) of Canara Robeco Equity Tax Saver Direct-Growth is Rs 2,343 crores. The fund's fee ratio is 0.75 percent, which is lower than the expense ratios charged by most other ELSS funds. NAV of the fund as of August 5, 2021 is 200.86. Canara Robeco Equity Tax Saver Direct has a 1-year growth rate of 58.30 percent. Since its inception, it has averaged 16.95 percent annual returns. The fund has a 5 Star rating from ValurResearch, Morningstar, and CRISIL rating agency.
SIPs in the fund can be set up with a minimum investment of Rs. 500, whereas lump sum payments require a minimum investment of Rs. 5000. The fund's Rs. 10,000 monthly SIP for 3 years will be currently worth Rs. 5.73 lakh.
The fund is invested in Indian stocks to the tune of 97.27 percent, with 59.35 percent in large cap stocks, 15.83 percent in mid cap stocks, and 6.31 percent in small cap stocks. This fund is for investors who want to put their money into anything for at least three years and want to save money on taxes in addition to getting a better return.
The majority of the money in the fund is invested in the financial, technology, construction, automobile, and engineering industries.
Canara Robeco Emerging Equities Fund
Canara Robeco Emerging Equities Fund Direct-Growth is a Canara Robeco Mutual Fund Large & MidCap mutual fund strategy. The fund manages a total of $9,633 crores in assets (AUM). The fund has a 0.64 percent cost ratio, which is lower than most other Large & MidCap funds. Canara Robeco Emerging Equities Fund Direct-Growth returns have been 60.20 percent during the last year. It has returned an average of 23.06 percent per year since its inception.
The Financial, Automobile, Healthcare, Technology, and Chemicals sectors account for the majority of the fund's holdings. HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Axis Bank Ltd., and Bajaj Finance Ltd. are the fund's top five holdings.
The fund's Rs. 10,000 monthly SIP for three years would be worth Rs. 5.67 lakh at the moment.
The fund has a 5 Star rating from ValurResearch, Morningstar and a 4 Star from the CRISIL rating agency.
Canara Robeco Bluechip Equity Fund
Canara Robeco Bluechip Equity Fund Direct-Growth is a Canara Robeco Mutual Fund Large Cap mutual fund scheme. This fund has been around for 8 years and 7 months. The assets under management (AUM) of Canara Robeco Bluechip Equity Fund Direct-Growth is 3,308 crores. The fund's expense ratio is 0.42 percent, which is comparable to the expense ratios charged by most other Large Cap funds.
The fund's Rs. 10,000 monthly SIP for three years would be worth Rs. 5.43 lakh at the moment.
Canara Robeco Bluechip Equity Fund Direct-Growth is a Canara Robeco Mutual Fund equity mutual fund scheme. It has an AUM of 3,308.09 crores, and the most recent NAV declared is 43.150. Canara Robeco Bluechip Equity Fund Direct-Growth returns have been 47.37 percent over the last year. It has returned an average of 15.93 percent every year since its inception.
The majority of the money in the fund is invested in the financial, technology, energy, construction, and automobile industries. HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and Tata Consultancy Services Ltd. are the fund's top five holdings.
Canara Robeco Equity Hybrid Fund
Canara Robeco Equity Hybrid Fund Direct-Growth is a Canara Robeco Mutual Fund Aggressive Hybrid mutual fund plan. The fund manages a total of 5,636 crores in assets (AUM). The fund's expense ratio is 0.67 percent, which is lower than the expense ratios charged by most other Aggressive Hybrid funds. The fund currently has a 73.25 percent stock allocation and a 23.02 percent debt allocation.
The financial, technology, healthcare, automobile, and construction industries make up the majority of the fund's equity holdings. Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and GOI are the fund's top five holdings.
The fund's Rs. 10,000 monthly SIP for three years would be worth Rs. 5.1 lakh at the moment.
ValurResearch and Morningstar have given the fund a 5-star rating, while CRISIL has given it a 4-star rating.
Canara Robeco Conservative Hybrid Fund
Canara Robeco Conservative Hybrid Fund Direct-Growth is a Canara Robeco Conservative Hybrid mutual fund plan. The fund manages a total of 655 crores in assets (AUM). The fund's expense ratio is 0.61 percent, which is lower than the expense ratios charged by most other Conservative Hybrid funds. The fund now has a 22.84 percent equity allocation and a 69.68 percent debt allocation.
The equity element of the fund is predominantly invested in the Financial, Automobile, Services, Healthcare, and Technology industries. GOI, Reserve Bank of India, Housing Development Finance Corpn. Ltd., Tamilnadu State, and Rural Electrification Corpn. Ltd. are the fund's top five holdings.
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